Bitcoin and Solana Show Mild Recovery Amid Persistent Altcoin Bearishness

2026-01-24 19:15

Bitcoin's price remains at $89,627 after failing to break the $90,000 mark, according to Coinglass data. Funding rates on major centralized and decentralized exchanges indicate a slight easing of bearish sentiment for Bitcoin (BTC) and Solana (SOL), with some platforms returning to neutral rates. Despite this, bearish sentiment continues to dominate the altcoin market, as reflected in the funding rates for major altcoins. Funding rates are used by exchanges to balance contract prices with underlying asset prices, influencing the cost or profit of holding contracts for traders.

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